Insider Buying of Discovery Holding Co (DISCA) Shares Extends the Trend of Last 90 Days

Friday, December 15, 2017 10:15 PM ET

Insider Buying of Discovery Holding Co (DISCA) Shares Extends the Trend of Last 90 Days

There were significant insider purchases of Discovery Holding Co shares today, as reflected in filings with the SEC as three insiders — J David Wargo, Director, Bruce Campbell, Officer, and John C Malone, 10% Owner and Director — acquired 202,377 shares in the company having a net market value of approximately $3,888,095. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 447,523 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 646,853 shares and have averaged 108,825 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Discovery Holding Co is higher than its 13-company peer group average. The Television Broadcasting peer group saw 19 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by Discovery Holding Co insiders is lower than its peers. Within the peer group there were 1,347,569 shares purchased and 986,458 shares sold with company insiders having bought 45,139 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.

Today’s Insider Activity
* J David Wargo, Director, bought 100,000 shares
* Bruce Campbell, Officer, sold 3,047 shares
* John C Malone, 10% Owner and Director, bought 102,377 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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